Chart Speaks -

APLAPOLLO

is showing bullish signals, particularly with the RSI indicating a potential breakout. The stock is currently trading above resistance that was around ₹1,624, and a successful breakout could lead to upward momentum, especially given the falling wedge pattern that often suggests a trend reversal. Technical Analysis Overview Chart Patterns: The falling wedge pattern indicates a bullish trend reversal, suggesting that the stock may continue to rise after a period of declining prices. Moving Averages: The price being above both the 100-day and 200-day Simple Moving Averages (SMA) reinforces the bullish sentiment, indicating strong support levels. MACD Indicator: The weekly MACD turning bullish adds further confirmation of the upward momentum, suggesting that the stock may continue to gain strength. Buy Entry Strategy Entry Point: A daily closing price above ₹1,650 would be a strong signal for a buy entry. Target Prices: Short-term target: ₹1,800 Long-term target: ₹1,950 Stop-Loss: To manage risk effectively, a stop-loss should be set at ₹1,480, which provides a safety net in case of adverse price movements. Disclaimer- As a SEBI registered Research Analyst with NISM certification, I want to emphasize that these credentials do not guarantee success in any trade. Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.